1322 1st Ave EBig Stone GapVA24219
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Big Stone Gap at 1322 1st Ave E, Big Stone Gap, VA, 24219 listed at $229,777 pairs $1,061/mo rent with a $1,125/mo payment. Total monthly income runs $1,061/mo. Return on cash invested measures 14.98% in year one, and rental yield registers 5.54% at a $229,777 basis. Equity gained on principal adds $1,483/yr, and annual property appreciation at 5% supports $63,483 by year five. Five-year ROI tracks 76.2% and total cumulative return in cash totals $58,041. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,061/mo property income relative to a $1,125/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
0.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24219, Big Stone Gap, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,606 (100%) |
| Owner Occupied HU | 2,809 (61.0%) |
| Renter Occupied HU | 1,142 (24.8%) |
| Vacant Housing Units | 655 (14.2%) |
| Median Home Value | $152,638 |
| Average Home Value | $183,368 |
Housing Distribution
Address Breakdown
Residential
4,108
Single Family
4,076
Multi-Family
32
Businesses
291
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brad Winebarger • Park Hill Realty Group, LLC
Mls Name: TVRMLS
Mls ID: #9982545